Nigeria’s liquid foreign reserves have climbed to $40.320 billion; a figure last recorded in December 2021 when the country accumulated a reserve of $40,35 billion. Reserves once again hit the $40 billion mark on August 12 before climbing to the current value of $40.320 billion, accumulating more than $308 million within a week.
From last month, liquid reserves added more than $3.0 billion from $37.278 billion it stood as at 18th July. This is an 8.16% increase, signaling a notable improvement in the country’s external asset base.
The uptick is largely attributed to higher dollar inflows from oil exports, diaspora remittances, and renewed investor confidence driven by recent monetary and fiscal reforms
CBN and Foreign Reserves
Olayemi Cardoso, governor of the CBN had maintained that the strengthening of Nigeria’s external reserves is a key indicator of economic resilience. The Central Bank of Nigeria (CBN) has continued to take steps to ensure higher reserves accretion, stable naira and elevated dollar liquidity.
Though exchange rate is still high at both markets, there has been a relative stability in the market, an outcome of an ongoing efforts to stabilize the naira and attract foreign investment.
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Withing the last week, the exchange rate of US dollar to the naira has fluctuated between a high of 1,543.730 on 20-08-2025 and a low of 1,470.050 on 15-08-2025. The largest 24-hour price movement occurred on 15-08-2025, with a -4.021% decrease in value.
exchange rate naira is currently 1,543.730 today, reflecting a 0.193% change since yesterday. Over the past week, the value of US dollar has remained relatively stable, with a 1.023% increase compared to its value 7 days ago.
